Flagstar Money Market Account 5.30%

By Sun

According to September issue of Kiplinger’s Personal Finance magazine, Flagstar Bank, is currently offering a promotion rate of $5.30% APY for their Express Money Market account. The account has a minimum of $1 to open and no limit to earn interest. It also offers check writing ability for up to three checks per statement cycle. The usual rate of the Express Money Market account is from 4.24% to 4.85% APY.

Separately, according to FatWallet via BankDeals, Umbrella Bank is having a 90-day promotion for their Green Day Savings account. During the promotion period, deposits will earn an introduction rate of 6.00%. When the promotion ends, the rate could change back to the usual rates between 4.68% to 5.06% APY. The account requires a $100 minimum, which has to be maintained to avoid the $7 monthly fee.

Right now I have all my deposit at FNBO Direct which has its own 6.00% APY promotion till September 28th. I could use the Umbrella promotion if they would offer a longer period than 90 days.

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Today's Deal

EverBank Money Market Account 1.25%: Open an EverBank Money Market Account with a minimum balance of $1,500 and earn 1.25% bonus rate for the first six months. The first year APY is 1.01% for account balance up to $50,000. Find out more about this offer.